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Co-Wise: How to build a portfolio with a windfall of $1 million?
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How would I invest $1,000,000

1st YES $1,000,000 IS A LOT OF MONEY. But in the long run scheme of things it's not a lot of money. Meaning it can run out. Just look at all the broke pro athletes who received huge sums of up front money and huge contacts salaries.

So, for me, start I'd keep my job and continue working and living off that income.
Next with $1 Million, I'd put it in an account that at least pays as much interest as possible while researching for stocks, bonds, ETFs and other such ways to invest and grow.

Personally, I like to work with dividend stocks that have a very long payment record with increased payments annually. So, I'd start buying those and do dividend reinvestment to continue allowing the money to grow and increasing my shares of stock in those companies. I'd do this mainly because I'm not big on the daily buying and selling of stocks at the highs and lows. I like nice and steady. Plus, remember, I'm not living off these dollars yet, but just growing them.

Next, I'd look for some very good value stocks that I would look to increase in value and sell for a profit at some point in the future when desiring to move to something better. But I am looking for long term holds as much as possible, with making changes, sells, as needed.

Last I'd keep a little cash to use for great opportunities that may come up.

I may do this with a 45/45/10 split, Dividend Stocks/ Value Stocks / Cash.

Overall Goal is to grow this money untouched for daily living expenses and life. So that when retirement comes I hope to have at least the same income to live on as when working with a combination of investment payouts, monthly retirement payments and other such payments from savings.

In closing I'd try to keep it simple, safe and constantly growing.

Thank You for reading.
David W Clark
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